Economics General knowledge Questions

DIRECTIONS : Objective Question on General Science.
11. There are ______ kinds of utilities created in production and redistribution of goods and services.
  A.  Two
  B.  Three
  C.  Four
  D.  Five
12. ______ introduced the book' An Enquiry into the Nature and Causes of wealth of Nations'?
  A.  Lionel Robbins
  B.  Alfred Marshall
  C.  Malthus
  D.  Ricardo
13. _____ economies arise due to a large firm having many products.
  A.  Survival
  B.  Managerial
  C.  Labour
  D.  Marketing
14. ______ was the first to mention the law of equi-marginal utility.
  A.  Adam Smith
  B.  Gossen
  C.  Marshall
  D.  J.R. Hicks
15. In economics, wants are classified into ___ categories.
  A.  Two
  B.  Three
  C.  Four
  D.  Five
12 3

Page 3 of 3